The total number of state-chartered banks in Washington — and their profits — are down, according to the latest State Banking Performance Survey issued by the Federal Deposit Insurance Corp.
Among the data in the survey released Tuesday:
• 51 state-chartered commercial banks and savings institutions were operating in the state at the end of 2014, down from 54 in 2013
• State banks employed 10,701 people at the end of 2014, down from 12,804 at the end of 2013.
• Total assets fell from $52.6 billion to $46 billion.
• Total deposits fell from $42.3 billion to $37.8 billion.
• Net income for the year for all state-chartered banks fell from $463 million to $412 million.
• Net interest margin fell from 4.05 percent to 3.97 percent.
• The percentage of unprofitable institutions fell from 14.81 percent 7.84 percent.
• The percentage of institutions with gains in earnings rose from 53.7 percent in 2013 to 64.7 percent at the end of 2014.
• The percentage of overall bad loans (nonperforming assets to assets) fell from 1.42 percent to 1.01 percent.